Talent Management Essay Example | Topics and Well Written Essays - 500 words

Talent Management - Essay ExampleThe emergence of technology, particularly the net income, makes this process even easier, as companies worldwide are now recruiting via the Internet (Leadership Advantage). The Cayman Islands, for example, recruit people from various nationalities to join the international organizations on their islands. The Cayman Islands dedicate clearly benefited from doing so, as they form the ordinal largest financial centre in the world, with over 5,945 registered companies in the financial industry (Cayman Islands Chamber of Commerce).Furthermore, some of the current senior managers are headed for retirement, so it is important to have a new younger generation of fully competent persons for the incoming. It is expensive to always re-hire and re-train. Therefore, managing the talent already available within the organization is crucial (Sullivan 2005).Duttagupta (2005) has accomplished a framework for managing talent. The process includes executive assessmen t, effective recruiting, coaching, providing feedback, mentoring, empowering, leadership assessment and development, as well as creation of a rewards system.The HRD as part of its personal line of credit strategy may organize a company retreat for a weekend, perhaps at a hotel, where all the managers get together and assesses the organizations current and future strat